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Worst mutual funds of 4th June 2024: which mutual funds fell the most on election results day?

This article lists all the mutual funds that fell the most due to market volatility on 4th June 2024.

Worst mutual funds of 4th June 2024: which mutual funds fell the most on election results day?


Posted on 05 Jun 2024
Author: Sayan Sircar
7 mins read
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This article lists all the mutual funds that fell the most due to market volatility on 4th June 2024.

Worst mutual funds of 4th June 2024: which mutual funds fell the most on election results day?

This article is a part of our detailed article series on the worst performing mutual funds in India. Ensure you have read the other parts here:

Disclaimer: Fund names in this article do not constitute as recommendations to either enter or exit those funds.

📚 Topics covered:

The fund categories in this article are as per AMFI classification. The performance figures are from AMFI website. All funds in this article are of the Direct Growth Category: Do not make this mistake when investing in mutual funds.

Please use the find feature of your browser to locate the funds or categories you are interested in.

This article is a part of our series of Election Results 2024 coverage. Please read the previous parts here:

Which are the worst mutual funds of 4th June 2024?

Here are the worst 20 1-day falls on 4th June.

Fund Category 1-D change
Invesco India PSU Equity Fund Sectoral/Thematic -14.78%
Aditya Birla Sun Life PSU Equity Fund Sectoral/Thematic -14.63%
HDFC Defence Fund Sectoral/Thematic -14.53%
Quant PSU Fund Sectoral/Thematic -13.64%
SBI PSU Fund Sectoral/Thematic -13.63%
ICICI Prudential PSU Equity Fund Sectoral/Thematic -12.74%
Motilal Oswal S&P BSE Enhanced Value Index Funds -12.53%
UTI Nifty 500 Value 50 Index Fund Index Funds -12.38%
HSBC Infrastructure Fund Sectoral/Thematic -11.06%
Canar Robeco Infrastructure Fund Sectoral/Thematic -10.86%
ICICI Prudential BHARAT 22 FOF FoF Domestic -10.78%
Invesco India Infrastructure Fund Sectoral/Thematic -10.73%
Sundaram Infrastructure Advantage Sectoral/Thematic -10.71%
BANK OF INDIA ELSS Tax Saver ELSS -10.59%
SBI Magnum COMMA Fund Sectoral/Thematic -10.47%
SBI Energy Opportunities Fund Sectoral/Thematic -10.46%
BANK OF INDIA Flexi Cap Fund Flexi Cap -10.39%
Bandhan Nifty Alpha 50 Index Fund Index Funds -10.21%
Tata Resources & Energy Fund Sectoral/Thematic -10.18%
UTI Infrastructure Fund Sectoral/Thematic -10.11%

To understand what you should do with these worst performing funds:

What should you do if you are invested in any of these funds?

Your fund is an index fund

Index 1-D change
NIFTY 50 -5.93%
NIFTY NEXT 50 -9.34%
NIFTY 100 -6.59%
NIFTY 200 -6.79%
NIFTY 500 -6.76%
NIFTY MIDCAP 50 -7.76%
NIFTY MIDCAP 100 -7.88%
NIFTY SMALLCAP 100 -8.23%
NIFTY MIDCAP 150 -7.11%
NIFTY SMALLCAP 50 -7.45%
NIFTY SMALLCAP 250 -7.45%

If this is an index fund that is there in the above list, you should reconsider why you are invested in that particular index. Some of the broad indices and their change on 4th June 2024 are in the table above. The full list, from NSE website, is here.

Your fund is an active fund

You need to understand if your fund is consistently in the worst performer list. Here is our coverage of the worst mutual funds of the last few years:

If your fund is consistently underperforming, re-examine why you are holding it: When to Sell a Mutual Fund.

The above list is also a warning to those who believe in the concept of sectoral or thematic funds and the necessity of tactical enter/exit.

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Also read
Motilal Oswal Nifty Defence Index Fund NFO is now open: should you invest?

Full list of funds and their 1-day movements

The complete list of funds is here.

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This post titled Worst mutual funds of 4th June 2024: which mutual funds fell the most on election results day? first appeared on 05 Jun 2024 at https://arthgyaan.com


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